Registered Post AD

Date: 25.05.2021

To,

1. Mr. Arvind Thakur

D-41/405A, Virat Gen. A.K,
Vaidya Marg, Goregaon (e),
Mumbai- 400063

1A. Mr. Arvind Thakur

RAAG, 54, Raag Mech. Malhar Tower,
Gene. A.K. Vaidya Marg,
Goregaon (e),Mumbai- 400063

1B. Mr. Arvind Thakur

Office at Pidiliter Industries Limited,
Accounts Dept, 3rd Floor,
Marketing Building,
Ramkrishna Mandir Road,
MIDC, Andheri ( e),
Mumbai- 400059.

2. Mrs. Hemi B. Thakur

D-41/405A, Virat Gen. A.K,
Vaidya Marg, Goregaon (e),
Mumbai- 400063

2A. Mrs. Hemi B. Thakur

RAAG, 54, Raag Mech.
Malhar Tower, Gen. A.K.
Vaidya Marg, Goregaon (e),
Mumbai- 400063 …Applicant/Borrower/Co-Borrower

Dear Sir,
1. Loan Account no. 42343836 for loan amount of Rs. 29,15,149/- ( Twenty Nine
Lakhs Fifteen Thousand and One Hundred Fourty Nine).

2. Notice under Section 13 (2) of the Securitization & Reconstruction of Financial

Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act, 2002)
1. You had approached us in the year 2004 for Loan against property. Accordingly, you created
the mortgage of the properties being located at All Those Pieces And Parcels Of Land
Admeasuring 3,00,000 Sq.Ft. Of Buildabl/Saleable Area In The Location Survey No.
51/1 (Part) Of Village Chincholi And S.No. 34/2 (Part) Of Village Dindoshi Taluka
Borivali, Being Portions of Land accordingly, you had submitted an application form
furnishing various details as more particularly stated therein. Pursuant thereto an Agreement
for home loan dated 29.01.2004 with respect to loan account No.42343836 for loan amount
of Rs. 29,15,149/- ( Rupees Twenty Nine Lakhs Fifteen Thousand and One Hundred
Fourty Nine /- was executed between you and our Bank, wherein certain term and
conditions were recorded therein. Pursuant to execution of the said Loan Agreement between
you and our Bank, you had also executed with us the certain other documents in favour of
our Bank to create mortgage thereof. We hereby inform you that, in terms of the said Loan
agreement, you had with an intention to create mortgage in respect of the said property and
inter-alia deposited certain documents including title deeds in respect of the said properties /
secured assets.

2. Further, in terms of the said Loan Agreement the Bank has disbursed a loan amount vide
Loan Account No. 42343836 for loan amount of Rs. 29,15,149/- ( Twenty Nine Lakhs
Fifteen Thousand and One Hundred Fourty Nine /-. As per the said Loan Agreement for
account No. 42343836, you were required to pay with 240 Instalments of Rs. 23,484/-
( Rupees Twenty Three Thousand and Four Hundred Eighty Four Only) starting from
05.02.2004 at the applicable rate of interest.(subject to revision of instalment on account of
change in the rate of interest as you opted to pay interest at variable rate determine from time
to time) It was agreed upon in the said Loan agreement that timely payment of the
Instalments shall be the essence of the agreements.

3. We hereby inform you that, you have committed breach of the terms and conditions of the
said Loan agreement by interalia defaulting in payment of Monthly Instalments due and
payable by you to the Bank, under the said agreements as such the account has been declared
as a Non- Performing Asset on 05.05.2021 in pursuance to the guidelines with respect to
asset classification of Reserve Bank of India.

4. We hereby inform you that, we are the secured creditor and the debt owing to us is a secured
debt on the aforesaid mortgage property, which is a secured asset of our Bank, have made
default in payment of the secured debt including instalments in respect thereof. On account
of the default, you are liable to pay to us the entire current balance due. You are hereby
informed that as per the statement of account maintained by us in ordinary course of a
banking business. A copy of which is annexed herewith for your reference, there is total
balance outstanding amount of Rs. 9,18,152.15/- (Rupees Nine Lakhs Eighteen Thousand
and One Hundred Fifty Two and One Five Paise Only) as on ________pertaining to
 account No. 42343836 by way of outstanding principal, arrears, (including accrued late
charges) and interest. In addition to the said outstanding dues, you are also liable to pay
interest and penal interest due in future till the entire outstanding dues are paid.

5. As the interest and / or instalments of principal has remained overdue for a period of more
than 90 days your debt has been classified by our Bank as a Non-Performing Asset (NPA), in
accordance with the guidelines by the asset’s classification of Reserve Bank of India.

6. That by means of present notice, we hereby call upon you to repay the above said amount of
Rs. 9,18,152.15/- (Rupees Nine Lakhs Eighteen Thousand and One Hundred Fifty Two
and One Five Paise Only) as on________, within 60 days from the date of receipt of this
notice together with any interest and penal interest, and / or other charges which may fall due
thereupon, failing which the Bank will exercise its power provided under The Securitization
And Reconstructions Financial Assets and Enforcement of Security Interest Act, 2002.

7. Please note that this Notice is issued under Section 13 (2) of the Securitization &
Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
(SARFAESI Act, 2002). Please also note that, upon failure on your part to comply with the
demand contained in this Notice, the Bank shall be entitled to exercise all other rights as
mentioned in the sub-section 4 of the Section 13 of the said Act, which will include one or
more of the following measures to recover the Bank’s secured debt, namely,

a. take possession of the secured assets of the borrower including the right to
transfer by way of lease, assignment or sale for realizing the secured assets;

b. take over the management of the secured assets of the borrower including the
right to transfer by way of lease, assignment or sale and realize the secured assets;

c. appoint any person (hereafter referred as the manager), to manage the secured
assets the possession of which has been taken over by secured creditor;

d. require at any time by notice in writing, any person who has acquired any of the
secured assets from the borrower and from whom any money is due or may
become due to the borrower, to pay the secured creditor, so much of the money as
is sufficient to pay the secured debt.
8. You are further requested to note that as per Section 13(13) of the said act, you are
restrained/prohibited from disposing of or dealing with the above-secured assets or
transferring by way of sale, lease or otherwise (other than in the ordinary course of business)
any of the above secured assets, without our prior written consent. We may add that non-
compliance with the above provision contained in Section 13(13) of the said Act, is an
offence punishable under section 29 of the said Act.

9. Your kind attention is further invited to the provisions of sub-Section (8) of Section 13 of the
SARFAESI Act with respect to the time available to redeem the secured assets, where under
it has been stated that you can redeem the secured asset by tendering the entire amount of
outstanding dues together with all costs, charges and expenses incurred by the Bank till
the date of publication of the notice for sale of the secured asset(s) by public auction and/or
e-auction, by inviting quotations, tender from public or by private treaty. Please also note that
if the entire amount of outstanding dues together with the costs, charges and expenses
incurred by the Bank is not tendered before publication of notice for sale of the secured
assets by public auction and/or e-auction, by inviting quotations, tender from public or
by private treaty, you may not be entitled to redeem the secured asset(s).

10. Please also note that, this Notice is also sent to you without prejudice to Bank’s rights and
remedies including the appropriate legal proceeding initiated before the appropriate courts
and / or Tribunal for recovery of the above said outstanding amount. This Notice is also
without prejudice the Bank’s right for continuing the prosecution of complaint filed by our
Bank under Section 138 of the Negotiable Instrument Act, 1881 as amended.

You may contact Mr. Rakesh Sharma the Authorized Officer of Standard Chartered Bank
at 23/25 MG. road, Fort, Mumbai, Ph no. 9748565555 for any clarification and/or
compliance of this notice at your end.

11. You are therefore, advised to comply with the demand under this Notice and to avoid further
action under the Securitization & Reconstruction of Financial Assets and Enforcement of
Security Interest Act, 2002 (SARFAESI Act, 2002) which shall of course be at your cost and
consequences, of which please take notice.

Yours truly,
For Standard Chartered Bank,

Authorized Officer
SCHEDULE OF RECALLED AMOUNT

1. Mr. Arvind Thakur

2. Mrs. Hemi B. Thakur

CUSTOMER NAME :

LOAN ACCOUNT NO. : 42343836

DISBURSEMENT DATE : 21.01.2004

Rs. 29,15,149/- ( Twenty Nine

Lakhs Fifteen Thousand and One
AMOUNT DISBURSED : Hundred Fourty Nine).

CURRENT RATE OF INTEREST :

Rs. 9,18,152.15/- (Rupees Nine

Lakhs Eighteen Thousand and
One Hundred Fifty Two and One
AMOUNT OUTSTANDING AS ON _______ Rs. Five Paise Only)

BIFURCATION OF TOTAL OUTSTANDING

1. SCHEDULE BALANCE (Principal) Rs.

2. ARREARS Rs.

2a. INTEREST Rs.

2b. PRINCIPAL Rs.

2c. LATE CHARGES Rs.

2d. INSURANCE PREMIUM Rs.

2e. FEE IN ARREARS Rs.

2f. BOUNCE CHARGES Rs.

Yours truly,

For Standard Charted Bank

Authorized Officer